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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (47161)	2/22/2006 8:09:10 PM
From: LLCF	Read Replies (1) \| Respond to of 116555

<Come on, those dollar reserve (<50% of all foreign reserve of China last time I heard) is barely enough to pay China's foreign debt. Why do you say they are toasted? > Oh right... they're 50% toasted. <"The weighting of the US dollar in China's currency basket used as a reference for the value of the yuan is much less than 50 pct".> When reality catches up the theortical baskets... then they'll be "much less" than 50% toast. :) Whatever the hell those dopes are holding in $US... it's all toast. -ggg- DAK Note to self: buy more IVN tomorrow... sell to Chinese government or investors when it soars through $200 per share, and replace with Condo complex.